FXStreet (Bali) - Some of the Societe Generale forex trade recommendations for H2 2014 include playing long AUD/NZD, USD/CAD and short AUD/USD.
"Long AUD/NZD at 1.05-1.06. NZD has appreciated sharply on the back of the RBNZ rate hike cycle, but plenty of good economic news and rate expectations are priced in. This is an Australasian RV trade to fade NZD overvaluation (by far the most extreme in G10)."
"Sell AUD/USD for China structural slowdown trade. The over-valued AUD is vulnerable to China’s structural economic slowdown. The Australian economy has proven to be robust, but fiscal tightening and the need for domestic rebalancing will keep monetary policy on an easy setting."
"Long USD/CAD target 1.15. The Fed will eventually tighten and the Canadian housing market is slowing down to take its toll on the Canadian consumer. Both legs of the trade require considerable patience."